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What do extended tight labor markets amidst slow economic growth mean for CHROs? For the foreseeable future, CHROs are likely to be operating in an environment of weakening corporate profits and low productivity growth. They will be feeling the pressure to acquire, retain, and develop the kind of talent that drives business forward while keeping the costs of that talent as low as possible in a period of faster compensation growth. In the first extended tight labor market in at least 15 years, CHROs will have to be focused and creative about looking for talent in new places.